September 08, 2008

Firm rebar price in Tokyo and Osaka

JMB reported that concrete reinforcing steel bar market price accelerates to increase toward JPY 110,000 per tonne in Tokyo and Osaka.

The price level is JPY 103,000 for base size for direct shipment from makers to users in Tokyo and JPY 105,000 in Osaka, which increased by JPY 33,000 or more than 40% from the beginning of the year due to the makers price hikes one after another with pressure of higher raw materials cost. The market price could reach JPY 110,000 level when the dealers try to pass the higher cost price on the market.